Merrill lowers Bear Stearns, Lehman and Citi... only to Neutral? Ok.
Home Prices: US Home Prices Fell by Record in Second Quarter, Index Shows... no surprise to anyone who's paying the slightest amount of attention, but still - YIKES.
Barclays shares fall despite Sachsen denial... There's always three sides to a story, in this case: Barclay's, The FT's and..... THE TRUTH.
I'm not a huge fan of the Times of London's business reporting. During the LBO boom they called 20 of the last 5 takeovers. Are they now going to call 10 of the next 5 banking dislocations? State Street bank has highest exposure to conduits